Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project... see more

Add To Watchlist

TSX:NVO - Post Discussion

Novo Resources Corp > Mr. Market does't care.

View:

Post by ValuePro on Dec 20, 2022 2:06pm

Mr. Market does't care.

Novo's share price was up sharply before the news release was posted, and it has continued to gain afterward. In that Novo is no longer a producer (for now), it makes sense that GDXJ would have to dump them.

No one seems to care beyond the usual tax loss selling hitting most others in this sector this month. Even so, Novo's gains today outpace other explorers.

287